The House of Representatives has passed its budget for the 2014 fiscal year. The budget lays out the fiscal plan for the 2014 fiscal year as well as a spending outline for the next ten years. The House budget reduces deficits by $4.6 trillion and cuts spending by $5.7 trillion over the next ten years. Congressman Westmoreland supported the budget.
"The House budget would balance the budget within ten years without raising taxes, reduce spending over the next ten years by $5.7 trillion, and replace the expensive and controversial ObamaCare law with patient-centered health care reforms," stated Westmoreland. "This budget reflects our priorities and embodies what we believe we need to get to a healthier economy and create more jobs. It gives businesses the certainty they need to grow and thrive and lets families keep more of their hard-earned money by not raising taxes."
The House budget is in stark contrast with the budget Senate Democrats have proposed. Their budget raises taxes almost $1 trillion -- on top of the $600 billion tax increase on American families and small businesses Congressional Democrats and President Obama demanded at the beginning of this year. Rather than cutting spending, it actually increases spending and even includes another $100 billion in "stimulus' spending.
"For the first time in almost four years, Senate Democrats have finally submitted a budget," stated Westmoreland. "Now the American people can see the different fiscal paths Republicans and Democrats want for our future. Republicans want to cut wasteful spending, reform the tax code, save Medicare for future generations, and balance the budget. Senate Democrats want to increase spending, increase taxes, and don't feel we need to balance our budget at any time in the near future. I think that the American people are going to see these differences and realize that only Republicans have a plan that puts us back on a path of fiscal responsibility."
In the budgeting process, each Chamber will present and pass their own budget and then use those budgets as outlines for spending bills, known as appropriation bills. Negotiations over appropriations bills are expected to begin soon. To learn more about the House Budget, visit www.budget.house.gov. There you can find charts, statistics, and more information.